Treasury Secretary: "We don't have to get the prices down because wages are going up."
ยท Feb 8, 2024 ยท

How are your finances lately? Worried about money?

Well, Biden's treasury secretary says higher prices aren't a problem because all of us little people are apparently getting big phat raises from our bosses!

Let's take a poll.

20% is a very conservative estimate. It's what CNBC reported a year ago for the rise in the cost of groceries between 2021 and April 2023. Those with less cheerful models look at 30% as the lowest estimate in how high the total cost of living has risen.

Tom certainly has thoughts on why Yellen keeps saying things like this.

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